WEEKLY ANALYSIS AND TRADE SETUP- 16 APRIL 2017

Weekly analysis of 2nd April mentioned about bullish bias and
we also got retracement for our long entry but due to many open position we taken it as paper trade…and our target is hit….

Now gold is in monthly side ways to uptrend but weekly is clearly down.
Trend on daily and 240 min is up but trend line on daily is broken.

We will initiate short trade around 29500 with stop above 30100 for target of 28500-28000.

OI analysis is not contributory


Trend Analysis:




OI Data Analysis:




Trade Setup: